
.Precise Market Insights.
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Abstract - Semtech (SMTC) Initiated Buy on 1.6T and NPO • Initiates with Buy, $180 PT (25x FY28E P/E). • Transitioning from an analog chip company to an AI interconnect beneficiary w portfolio spanning ACC, TIA, drivers, lasers and NPO analog solutions. • Guides FY27 AI revenue >$350M; we forecast $466M (FY27E) → $1.22B (FY28E), driven by 1.6T. • Google TPU expansion to be a key catalyst for CopperEdge ACC. • NPO adoption could be the next major growth leg beyond 2027 as DSP removal increases analog content. • Believes NVIDIA and leading CSPs are evaluating NPO deployments. • NPO market size : we forecast 38M NPO optical engines in 2028, suggesting a multi-billion-dollar TIA/driver TAM • Acquisition of HieFo strengthens its laser portfolio and expands optical content opportunities. #AI #Semiconductors #OpticalNetworking #SMTC


I am stocked for earnings season! We've got $AEHR coming up on Tuesday Last earnings was the catalyst for the massive run up What will happen this time around? I gave a pulse check on $AEHR and went over everything I am looking at and what I expect the next two years to look like Check it out here if you'd like: open.substack.com/pub/cruxcapita…


$ONDS being slightly green or even flat on a day like this is an early reversal sign that should not be overlooked.



















